24 November 2017, EUR/USD
Technical Observation:
As I said earlier this week, Eur pulled back upwards and is currently rallying around a key resistance zone 1.1876-1.1856. This is a potential sell zone and unless there's a clear bullish breakout above this zone with a big green candle, I'm waiting for a bounce from this zone to short Eur with a take profit at 1.1570. Should the price break above this zone with a big green candle, then I'll wait for a pullback to the same zone to long Eur with my take profit at 1.2095. My advice, wait for a bounce from 1.1876-1.1856, then sell Eur towards 1.1570.
Technical Levels
Resistance levels
R1: 1.1854
R2: 1.1887
R3: 1.1978
Pivot
1.1795
Support Levels
S1: 1.1612
S2: 1.1703
S3: 1.1763
Trade Signal
Short Eur at 1.1876 towards 1.1570